Lets Try And Fix Bush's Mess!
Bush and his mates should be ashamed of themselves and i hope that Obama adopt's some of the rules that we have here in Australia, For example here on MMG there are people that are selling ebooks for Forex products even though they have no qualifications and they may never of traded successfully in there life, here in Australia you can not give any type of Financial Advice be it General or Personal with out being PS 146 \ RG 146 compliant.
ASIC Compliance Requirements
For those individuals that provide �retail financial product advice� they must be RG146 / PS146 compliant and have successfully completed the appropriate RG146 / PS146 Training Courses.
It is now illegal to provide such advice without being authorised to do so (which first requires the attainment of RG146 / PS146 competency).
This qualification must be attained prior to your application to Australian Securities Investment Commission (ASIC) to becoming an Australian Financial Services License (AFSL) holder or an authorised representative of such a body. It is mandatory and details of your accreditation must be included as part of this application to ASIC.
What this means is that in Australia if you give advice that is incorrect or not in the best interest of the client then you can be sued and go to jail!
Be careful there are a lot of crooks out there and they want your cash!
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